Convicted Adelphia execs report to federal prison

[JURIST] Adelphia Communications [corporate website] founder John Rigas and his son Timothy reported Monday to Butner Federal Correctional Complex [official backgrounder] pursuant to a June federal court order [JURIST report]. In 2005, John Rigas, now 82, was sentenced [JURIST report] to 15 years in prison, while Timothy Rigas was sentenced to 20 years in prison.

In May, the US Court of Appeals for the Second Circuit upheld John and Timothy Rigas' convictions [JURIST report] on numerous counts of conspiracy, 15 counts of securities fraud and one count of bank fraud. In November 2005, another son, Michael Rigas, pleaded guilty to falsifying a financial record [JURIST report] and was sentenced to 10 months in prison under a plea agreement. AP has more.



 

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